Requirements

Basic Requirements

Loanable Amount: Minimum – P100,000 / Maximum – P1,000,000.00

Term: Minimum – 12 months / Maximum – 48 months

Collateral Acceptability: Major brands of vehicles (sedans and AUVs/SUVs) purchased from local dealers except China brand cars are acceptable for financing. Units intended for use as “for hire” such as taxi, tourist cars and the like are not eligible to be financed. Heavy-duty trucks and public utility vehicles shall are not acceptable.

Repayment Schedule: Equal monthly installment in arrears or in advance. Loan due dates shall only be either every 15th of the month or every 30th of the month.

Late Payment Charge: 3% of the total monthly amortization or P300.00 whichever is higher.

Pre-payment Penalty: 5% of the outstanding principal or P2,500.00 whichever is higher.

Appraisal Fee: P2,500 if located within Metro Manila. If outside Metro Manila, appraisal fee shall be determined depending on the location of the property. Appraisal fee is non-refundable and shall be collected upon loan application.